Analysis of Lease and Borrowing Utilization of Regional Property Based on Permendagri No. 19 of 2016 at the Regional Financial and Asset Management Agency of Morotai Island Regency

Jein Kristin Risit (Universitas Sam Ratulangi)
Heince R. N Wokas (Universitas Sam Ratulangi)
Peter M Kapojos (Universitas Sam Ratulangi)

Formosa Journal of Multidisciplinary Research (FJMR)
Vol. 4 No. 2 (2025): February 2025

This study aims to describe the utilization of rent and borrowing of Regional Property (BMD) based on Permendagri No. 19 of 2016 at the Regional Finance and Asset Management Agency (BPKAD) of Morotai Island Regency. This study uses a qualitative descriptive approach with a case study type. Data were obtained through observation, interviews, and documentation. Data analysis was carried out through data compilation, data classification, data processing, and drawing conclusions. The results of the study found that the utilization of rent and borrowing of BMD had been implemented well in accordance with Permendagri No. 19 of 2016, although it still faces challenges in achieving rental targets where in 2021 the rental realization was only 67% of the target. In fact, in 2022 the rental realization only reached 26.7%. In 2023, although there was an increase of 53.9% from 2022, the target realization was still not optimal. To overcome these challenges, the BPKAD of Morotai Island Regency needs to evaluate more realistic rental targets, accompanied by socialization regarding the potential of BMD assets to increase the effectiveness of their utilization.